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How Do American Families Spend Their Money? [infographic]

How Do American Families Spend Their Money? [infographic]
culture

American families are more likely to spend most of their annual earnings on housing, according to a recent study by the US Department of Labor.

Don Michael Acelar De Leon


The US Department of Labor recently showcased an interesting infographic that depicts the relative breakdown of expenses of a typical American family. According to the infographic, American families tend to spend most of their annual expenses on housing (34.43%), followed by food (12.99%), insurance pensions (11.15%), entertainment, (5.49%), and health care (6.47%), among others.

Click here to view the full infographic.

US Department of Labor

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